Market Vectors® Agribusiness ETF

Latest Market Vectors® Agribusiness ETF News and Updates

  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    How Natural Gas Prices Are Moving

    Natural gas prices are critical for nitrogen and ammonia-based phosphate fertilizer producers.

    By Adam Jones
  • uploads///MOS Analysts NTM Recommendation and Target
    Materials

    Analysts Lower Price Target for Mosaic in August 2017

    Mosaic (MOS) released its 2Q17 earnings on August 1, 2017, and reported EPS (earnings per share) of $0.28, which beat analysts’ estimate of $0.25.

    By Adam Jones
  • uploads///DAP Diammonium Phosphate Realized Prices
    Materials

    How Mosaic’s Phosphate Prices Fared in 2Q16

    Phosphate fertilizer prices are key to Mosaic’s (MOS) Phosphate segment’s sales, earnings, and stock price.

    By Adam Jones
  • uploads///Urea Prices
    Miscellaneous

    Did Capacity Shutdowns in China Impact Urea Prices?

    For the week ending October 28, the overall movement in urea prices was flat to positive. Granular urea prices rose 6.6% to $211 per metric ton in China.

    By Adam Jones
  • uploads///Potash Prices
    Miscellaneous

    Potash Prices Showed Weakness for the Week Ending April 21

    Last week, potash prices continued to show weakness week-over-week. Prices were broadly flat to positive for the week ending April 21.

    By Adam Jones
  • uploads///Mosaics  Month Rating and Price Target
    Earnings Report

    Analysts’ Ratings and the Next-12-Month Price Target for Mosaic

    Of the 22 analysts surveyed, about 32% of them gave Mosaic (MOS) a “buy” rating. About 41% of analysts issued a “hold” rating, and only 27% issued a “sell” rating.

    By Adam Jones
  • uploads///FCF
    Company & Industry Overviews

    How CF Industries’ Cash Flows per Ton Are Set to Increase

    With CF Industries’ production capacity increasing, its cash flow per ton of product is also expected to increase.

    By Adam Jones
  • uploads///Potash Sales Price    e
    Materials

    Why India’s potash price discount won’t affect share prices

    The significance of potash price Wholesale potash price is one of two factors (the other being sales volume) that influence potash producers’ revenues. When prices rise, so does revenue, which will translate to higher profitability (margins), earnings, and share prices. However, when prices fall, they will have a negative impact on fundamentals and share prices. […]

    By Xun Yao Chen
  • uploads///Potash Segments Shipments
    Earnings Report

    Why Did Mosaic’s Potash Shipments Decline in 4Q15?

    Overall, 4Q15 potash shipments declined 16% to 1,931 thousand tons, from 2,039 thousand tons in 4Q14. Most of the decline came from the international crop nutrient shipments.

    By Adam Jones
  • Materials

    Key trends Intrepid Potash investors should watch for in 2014

    After a year of declining sales and increasing costs, management seems much more optimistic regarding potash as well as Langbeinite.

    By Jose de la Puente
  • uploads///Chart Title
    Materials

    How Sensitive Is PotashCorp’s Dividend to Potash Prices?

    In the last 12 months, PotashCorp (POT) has earned about 36% of its total sales from its Potash segment.

    By Adam Jones
  • uploads///Agriums Next  Month EPS Estimates
    Earnings Report

    Key Takeaways from Agrium’s 2017 Earnings Estimates

    Agrium’s (AGU) earnings for 1Q17 are estimated to fall from $0.05 per share in 1Q16 to -$0.06 per share.

    By Adam Jones
  • uploads///CFs Valuation Multiples versus Peers Median
    Company & Industry Overviews

    A Review of CF Industries’ March 2017 Valuation Multiples

    CF Industries’ (CF) earnings have been falling for the past five years, and it reported negative earnings in 4Q16.

    By Adam Jones
  • uploads///Potash Capacity and Operating Rate Forecast Q
    Materials

    Was Uralkali’s new business strategy really Canpotex’s fault?

    Uralkali’s latest move might be considered a punishment. But also note that outside forces can create a more competitive environment.

    By Xun Yao Chen
  • uploads///MAP Prices
    Materials

    MAP Fertilizer Prices Hit a New High in Brazil

    Last week, MAP (monoammonium phosphate) prices in Brazil continued their uptrend, while prices in NOLA (New Orleans) moved sideways.

    By Adam Jones
  • uploads///Potash Consumption by Crop and Region
    Materials

    Why is the end use of potash internationally diversified?

    As crops widely trade in the international market, they often converge with each other if transportation costs aren’t so high.

    By Xun Yao Chen
  • uploads///Agrium Analysts NTM Recommendation and Target
    Miscellaneous

    Wall Street’s Take on Agrium for July 2017

    Unlike PotashCorp (POT), Mosaic (MOS), and CF Industries (CF), Agrium (AGU) has a large retail business, giving the company more stability in earnings.

    By Adam Jones
  • uploads///CF Industries Analysts NTM Recommendation and Target
    Materials

    Analysts’ Views on CF Industries after 2Q17 Earnings

    CF Industries (CF) reported its quarterly earnings on August 2, 2017. Its EPS was $0.10, which was in line with analysts’ consensus estimate.

    By Adam Jones
  • uploads///Intrepid Potash Analysts NTM Recommendation
    Miscellaneous

    Ratings and Price Target for Intrepid Potash

    As of January 23, 2017, one of the six analysts covering Intrepid Potash has a “buy” recommendation for the company over the next 12 months.

    By Adam Jones
  • uploads///Potash Segment Gross Margins
    Materials

    How Intrepid Potash’s Gross Margin Compares with Its Peers

    With a gross deficit, Intrepid Potash reported an adjusted net loss per share of $0.23 in 2Q16, which would also make it the fifth consecutive quarter that the company has reported a net adjusted loss.

    By Adam Jones
  • uploads/// World Urea Production Cost
    Materials

    Why industry capacity changes also affect urea prices and profits

    Generally, a capacity increase tends to lag demand growth, as producers like to see a stronger market before making significant investments.

    By Xun Yao Chen
  • uploads///MAP Prices in Brazil
    Miscellaneous

    MAP Prices in Brazil Continued to Rise Last Week

    In the week ending January 20, average MAP prices in Brazil rose 2.1% to $343 per metric ton from $336 per metric ton the previous week.

    By Adam Jones
  • uploads///field _
    Materials

    Key Takeaways from CF Industries’ Strong Second-Quarter Results

    CF Industries reported second-quarter sales of $1.3 billion, which beat analysts’ estimate of $1.2 billion.

    By Adam Jones
  • uploads///DAP Prices
    Materials

    DAP Prices See a Mixed Week for the Week Ending August 19

    Average DAP prices in China were flat at 2,669 Chinese yuan per metric ton last week. DAP prices in Morocco remained unchanged at $340 per metric ton.

    By Adam Jones
  • uploads///Intrepid Potashs Sales Contribution by Product
    Materials

    Is the Trio Segment an Answer to Intrepid’s Challenges?

    Over the years, Intrepid Potash (IPI) has shifted its business model to focus more on Trio.

    By Adam Jones
  • uploads///Cost of Goods versus Realized Price Per Ton
    Company & Industry Overviews

    Why Intrepid Potash Is the Biggest Loser among Its Peers

    In this article, we’ll compare the company’s potash cost of goods per ton to its average selling price per ton and those of other players in the market.

    By Adam Jones
  • uploads///Share Repurchase Dividends and Free Cash Flows
    Company & Industry Overviews

    A Look at Potash Corporation’s Cash Flows and Leverage

    During the first nine months of 2015, Potash Corporation’s free cash flows declined to $913 million from $1,175 million in the corresponding period in 2014. This was primarily due to a decline in potash prices.

    By Adam Jones
  • uploads///DAP Prices
    Macroeconomic Analysis

    A Look at DAP Prices and Their Continuing Climb

    The average DAP price at US Gulf NOLA for the week ended March 25 rose to $340 per metric ton ($308 per short ton) compared to $302 per metric ton ($333 per short ton) the previous week.

    By Adam Jones
  • uploads///Leverage
    Company & Industry Overviews

    Why Does CF Industries Have High Leverage?

    CF Industries has resorted to leverage to fund its projects, which are expected to create more nitrogen capacity and, in turn, benefit shareholders.

    By Adam Jones
  • uploads///Global Wheat Stock to Use Ratio
    Materials

    What Is Positive about the Recent Wheat Stock-to-Use Numbers?

    In September, the global wheat inventory declined 1.5% to 249 million metric tons compared with 252 million metric tons in August 2016.

    By Adam Jones
  • uploads///Potash Segments Average Selling Prices
    Earnings Report

    PotashCorp: Effects of Falling Potash Prices

    PotashCorp’s average potash selling price fell ~34.0% to $157 per ton in 4Q16, from $238 per ton in 4Q15. Potash prices in North America fell ~35.0%.

    By Adam Jones
  • uploads///FMC Corp Analysts NTM Recommendation and Target
    Miscellaneous

    Analysts’ Price Target and Recommendations for FMC Corporation

    Like Monsanto (MON), FMC Corporation (FMC) is in the business of crop protection products. The majority of FMC’s sales come from its Agricultural Solutions segment.

    By Adam Jones
  • uploads///Nitrogen Segments Average Selling Prices
    Earnings Report

    Why Nitrogen Prices Continue to Face Pressures

    Overall, the nitrogen prices have weakened in 3Q15, falling to $319 per metric ton from $356 per metric ton in 3Q14.

    By Adam Jones
  • Why potash stocks around the world crash as Uralkali leaves Belarus Potash Company
    Materials

    Why potash stocks around the world crash as Uralkali leaves Belarus Potash Company

    Industry concentration Industry concentration is a factor that affects competition. When only a few firms occupy a large portion of the industry’s revenue, competition tends to be less, as companies try to live with each other to maintain profits. On the other hand, when there are a large number of firms vying for market share, […]

    By Xun Yao Chen
  • uploads///Potash MOP Average Selling Prices
    Materials

    What 2017 Meant for Potash Producers

    Potash fertilizers Most of the fertilizer companies we’ve discussed in this series sell all or some of the three NPK (nitrogen, phosphorous, and potassium) macronutrients. To learn more about these macronutrients’ key role in agriculture, read Agricultural Fertilizer Industry: Your Comprehensive Overview. In this part, we’ll look at what 2017 meant for potash producers. Price trends […]

    By Adam Jones
  • uploads///ground _
    Materials

    April Update for Fertilizer Stocks: Ratings and Price Targets

    Fertilizer stocks have failed to impress investors in 2018. The VanEck Vectors Agribusiness ETF (MOO) has returned ~1.4% year-to-date.

    By Adam Jones
  • uploads///fruit _
    Materials

    How Fertilizer Prices Moved in Week Ending February 16

    CVR Partners (UAN) emerged as the top gainer among fertilizer stocks with a 6.7% rise last week to close at $3.18 per share.

    By Adam Jones
  • uploads///Chart Title
    Earnings Report

    Analysts’ Ratings for Agrium before Its 3Q16 Results

    Analysts’ ratings So far in this series, we’ve discussed analysts’ estimates for Agrium’s (AGU) 3Q16 sales, margins, and earnings per share. While you can gauge the outlook for the company using these estimates, it’s also helpful to look at analysts’ recommendations and price targets for Agrium over the next 12 months. Ratings and price targets Overall, […]

    By Adam Jones
  • uploads///BAYR MON Opposing Themes
    Materials

    Monsanto-Bayer Merger: Analyzing the Opposition

    The merger between Monsanto (MON) and Bayer is worth $66 billion. It’s one of the largest deals in the agribusiness (MOO) industry.

    By Adam Jones
  • uploads///Analysts Ratings and Price Target for CF
    Earnings Report

    Analysts’ Ratings, Price Target for CF Industries before 1Q16 Earnings

    Out of 16 analysts surveyed by Bloomberg, about 50% have “buy” ratings for CF Industries (CF). About 44% have “hold” recommendations, and one has a “sell” rating for the company.

    By Adam Jones
  • uploads///Retail Crop Nutrient Shipments
    Earnings Report

    Agrium’s Retail Crop Nutrient Shipments Rise in 3Q16

    In 3Q16, Agrium’s Retail segment contributed 84% of total gross profit, with crop protection and crop nutrients making up the majority of segment sales.

    By Adam Jones
  • uploads///CF Industries Valuation Multiple versus Peers
    Materials

    How Is CF Industries Valued prior to Its 2Q17 Earnings?

    It’s now time to look at what investors are paying for CF Industries prior to its 2Q17 earnings. Earlier, we learned that CF Industries is expected to report negative earnings per share in 2Q17.

    By Adam Jones
  • uploads///Median Nitrogen Shipment Growth
    Materials

    How Nitrogen Shipments of These Fertilizer Companies Trended

    In 4Q17, the overall nitrogen shipments of the five companies discussed below moved lower year-over-year.

    By Adam Jones
  • uploads///Agri to food
    Company & Industry Overviews

    How Bunge Is Creating Value from Segment Synergies

    Bunge’s (BG) Agribusiness segment processes oilseeds into vegetable oils.

    By Sushree Mohanty
  • uploads///PotashCorp Agrium Merger Timeline
    Materials

    An Update on the PotashCorp-Agrium Merger

    On September 12, 2016, PotashCorp and Agrium announced their intention to combine in a merger of equals. But China and India have set conditions.

    By Adam Jones
  • uploads///Global Capacity versus Demand Forecast
    Macroeconomic Analysis

    Short-Term and Long-Term Outlook for Potash Prices

    The supply-demand imbalance will further push down potash prices in the coming years. It will hurt companies such as PotashCorp, Mosaic, Intrepid Potash (IPI), and Agrium (AGU).

    By Adam Jones
  • uploads///food _
    Materials

    Analysts’ Ratings for Major Agribusiness Stocks: February Update

    So far this year, some major agribusiness stocks, particularly in the fertilizer sector, have performed poorly.

    By Adam Jones
  • uploads///CF Industries versus Agri Business ETF
    Earnings Report

    CF Industries to Announce Its 4Q16 Earnings: What to Expect

    CF Industries (CF) is set to announce its 4Q16 earnings on February 15, 2017, with estimated earnings per share of -$0.05. In 4Q15, CF Industries reported EPS of $0.76.

    By Adam Jones
  • uploads///CFs Profitability
    Materials

    How Was CF’s Profitability in 2Q17?

    During 2Q17, CF Industries’ (CF) overall gross margins fell steeply year-over-year from 46.5% to 15.3%.

    By Adam Jones
  • uploads///Earnings Per Share
    Materials

    Monsanto: Earnings Estimates and Target Price

    As of December 25, 2017, Monsanto stock was covered by 18 analysts according to Reuters. The current consensus rating on the stock stood at 2.56.

    By Adam Jones
  • uploads///CF Industrues Analysts NTM Recommendation and Target
    Miscellaneous

    What Are CF Industries’ Price Targets and Recommendations?

    CF Industries (CF) closed at $27.3 per share on June 9, which was 13.4% lower than its levels at the beginning of this year.

    By Adam Jones
  • Energy & Utilities

    Why Agrium Inc. suspending capacity addition will affect other producers (Part 1)

    The importance of capacity utilization Capacity utilization measures how much of an industry’s or company’s available production output is being used. It’s based on dividing actual output by potential output. Because an industry or firm will often try to match production to demand, a rising capacity utilization rate means faster growth in demand relative to […]

    By Xun Yao Chen
  • uploads///gulle _
    Materials

    More Tariffs on China, Fertilizer Stocks Are in the Red

    China is one of the largest fertilizer consumers in the world. Investors are concerned that retaliatory measures might hurt fertilizer companies.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    How Did the Fertilizer Affordability Index Perform Last Week?

    In the week ending April 7, 2017, fertilizer affordability didn’t change. Notably, the Fertilizer Affordability Index remained flat at 0.60x week-over-week.

    By Adam Jones
  • uploads///MOS
    Materials

    The Mosaic Company: Why MOS stock dropped on a market overreaction

    Fertilizer stocks plummeted on the heels of the announcement that Russia’s Uralkali was quitting the Belarusian Potash Company cartel. The market overreacted.

    By Samuel Madden, CFA
  • uploads///fresh peppers _
    Materials

    Fertilizer Prices and Stocks Are on Pause: What’s Going On?

    Last week, which ended September 7, the VanEck Vectors Agribusiness ETF (MOO) fell 1.8%, while the S&P 500 Index fell 1%.

    By Adam Jones
  • uploads///China NPK Export
    Macroeconomic Analysis

    How China’s Fertilizer Export Sector Is Changing

    China is the largest consumer of nitrogen fertilizers, but it produces most of it within its borders. Urea is Chinese farmers’ top choice.

    By Adam Jones
  • Why natural gas price affects nitrogenous fertilizer stocks (Part 1)
    Industrials

    Why natural gas price affects nitrogenous fertilizer stocks (Part 1)

    Natural gas and nitrogenous fertilizers Natural gas is a major raw material input in the production of nitrogenous fertilizers, such as urea and ammonia, ranging from 40% to 70% of cost of goods sold. A higher natural gas price increases the cost of goods sold and compresses margins. This in turn lowers earnings and free […]

    By Xun Yao Chen
  • uploads///Next  Month Analysts Ratings and PriceTarget for ICL
    Company & Industry Overviews

    Analysts Mull Israel Chemicals’s Performance over the Next 12 Months

    Out of the 14 Wall Street analysts covering Israel Chemicals (ICL), only one has a “buy” recommendation on the company, 12 have a “hold” recommendation, and only one analyst has a “sell” recommendation.

    By Adam Jones
  • uploads///Phosphate Gross Margins in Q
    Miscellaneous

    Key Players’ Phosphate Segment Margins in 1Q17

    Mosaic (MOS) continued to enjoy higher margins at 7%—compared to Agrium’s (AGU) margins at 5%. Mosaic’s margins were flat year-over-year.

    By Adam Jones
  • uploads///Next  Month Analysts Ratings and Price Target for CF
    Company & Industry Overviews

    Analysts’ Recommendations and Ratings for CF Industries

    About 56% of Wall Street analysts still have “buy” recommendations for CF Industries.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Fertilizer Affordability Index for the Week Ending March 31

    In the week ending March 31, 2017, the Fertilizer Affordability Index fell slightly to 0.60x from 0.62x the previous week.

    By Adam Jones
  • uploads///Next  Month Analysts Ratings and Price Target for Mosaic
    Materials

    Mosaic’s Next-12-Month Price Target after Its 2Q16 Results

    Following Mosaic’s 2Q16 earnings release, Wall Street analysts revised their next-12-month price target down to $25.48 from $25.64.

    By Adam Jones
  • uploads///CF Industries Earnings Per Share and Growth
    Earnings Report

    CF Industries Released 1Q17 Results: What Investors Should Know

    CF Industries (CF) reported its 1Q17 earnings on May 3 after the market closed. The company posted adjusted EPS (earnings per share) of $0.05, which missed analysts’ revised estimate.

    By Adam Jones
  • uploads///tractor _
    Materials

    CF Industries Pops on Price Upgrade from RBC

    Today, RBC upgraded CF Industries (CF) from its “underperform” rating to “sector perform.”

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended December
    Materials

    Fertilizer Prices Update: Week Ended December 8

    CVR Partners (UAN) emerged as the top gainer last week, rising 17.4% week-over-week to close at $3.70. CF Industries (CF) followed, rising 4.4% to close at $39.30.

    By Adam Jones
  • uploads///Potash Prices
    Materials

    Were Potash Prices Positive for Producers Last Week?

    Average weekly potash prices in Vancouver fell 2% to $220 per metric ton during the week ending September 9—compared to the previous week.

    By Adam Jones
  • uploads///agriculture _
    Materials

    Why CVR Partners Missed Analyst Estimates in Second Quarter

    CVR Partners missed both top-line and bottom-line estimates for the second quarter, and the stock fell 4.5% after the earnings release.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Fertilizers Were More Affordable Last Week

    When crop prices are high, a farmer will likely earn more income. In a soft crop price environment, a farmer might look to cut down the cost of fertilizers.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Materials

    Are Rising Prices Affecting Fertilizer Affordability?

    Recently, the Fertilizer Affordability Index has seen an upward trend.

    By Adam Jones
  • Mosaic and CF Industries could be severely undervalued (Part 2)
    Materials

    Mosaic and CF Industries could be severely undervalued (Part 2)

    Back to Part 1 Share of market cap While $3.7 billion and $2.7 billion of cash may not seem like a lot compared to Apple’s ~$150 billion, it’s crucial for investors not to get distracted by the absolute amount. What’s important for investors is knowing how much “excess cash” they’re receiving based on how much […]

    By Xun Yao Chen
  • uploads///Fertilizer Affordability
    Materials

    Fertilizer Affordability Remains Stable amid Strengthening Prices

    Fertilizer affordability has seen some tightening in the last couple of months.

    By Adam Jones
  • uploads///Global Potash Demand Forecast
    Company & Industry Overviews

    Uralkali’s Forecasts for 2016 Global Potash Demand

    According to Uralkali, the biggest drop in demand should come from China, which has delayed its contract negotiations.

    By Adam Jones
  • uploads///Grain price and Urea
    Materials

    2 key things that set the floor and ceiling for urea prices

    Without an understanding of factors that affect crop prices, it would be difficult to formulate a view on future crop prices and demand for nitrogenous fertilizers.

    By Xun Yao Chen
  • uploads///MAP Prices in Brazil
    Materials

    A MAP Price Update for the Week Ended October 27

    MAP (monoammonium phosphate) prices hit a low of $343 per metric ton in August but have been on an upward momentum since then.

    By Adam Jones
  • uploads///Sorghum No  Yellow Price
    Macroeconomic Analysis

    Sorghum: Prices Fall and Production Is Expected to Rise

    The total sorghum production in the world is expected to be about 54.1 million metric tons in the 2014–2015 season. The US is the top producer.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Materials

    Are Fertilizers Getting Less Affordable?

    In the week ended February 23, the Fertilizer Affordability Index rose to 0.71x from 0.7x a week ago.

    By Adam Jones
  • uploads///Analysts Recommendation
    Materials

    What Analysts Recommend for These Four Fertilizer Stocks

    Nutrien (NTR) has a consensus recommendation of “buy.”

    By Adam Jones
  • uploads///romanesco _
    Materials

    Update: July 13 Fertilizer Stocks and Price Movements

    Last week, which ended July 13, was broadly negative for the agribusiness sector. The broader market index was positive.

    By Adam Jones
  • uploads///Wheat Prices
    Miscellaneous

    Why Wheat Prices Are Trading at a 5-Year Low

    In its January report, the USDA (United States Department of Agriculture) reported that the world’s ending stock for wheat rose to 253 million metric tons from 252 million metric tons in December.

    By Adam Jones
  • uploads///Next  Month Analysts Ratings and Price Target for POT
    Earnings Report

    What Do Analysts Recommend for PotashCorp after 1Q16 Earnings?

    On April 19, Barclays downgraded PotashCorp’s stock to “underweight” from “equalweight.” The company also cut its price target to $14 from $16.

    By Adam Jones
  • Weaker rupee lowered farmers’ demand for potash in 2012, how about 2013?
    Materials

    Weaker rupee lowered farmers’ demand for potash in 2012, how about 2013?

    Just like the U.S. dollar is a key influence to crop prices, the strength or weakness of the Indian currency, the rupee, has a significant impact on potash demand. As potash is traded globally, the standard currency for exchange is in U.S. dollars. When the Indian rupee weakens, it is often a negative for potash […]

    By Xun Yao Chen
  • uploads///DAP Prices
    Miscellaneous

    DAP Prices Didn’t Move for the Week Ending June 9

    Last week, the weekly price movement was broadly flat to negative. DAP prices at the US NOLA fell by as much as 96 basis points week-over-week.

    By Adam Jones
  • uploads///MAP Prices in Brazil
    Materials

    A Price Update on MAP Fertilizers in Brazil

    Last week, the MAP prices in Brazil rose as much as 5.6% week-over-week to $394 per metric ton from $373 per metric ton a week ago.

    By Adam Jones
  • uploads///Fertilizer Players
    Company & Industry Overviews

    Who Are the Biggest Players in the Fertilizer Industry?

    There’s a handful of big players in the agricultural fertilizer industry. Setting up business requires huge capital, which makes for a high barrier to entry.

    By Adam Jones
  • uploads///Nutrien Analyst Recommendations and Price Target
    Materials

    Which Analysts Are Bullish on Nutrien in January 2018?

    At the end of 2017, after receiving final regulatory approval for the merger, PotashCorp and Agrium combined into a new company called Nutrien (NTR).

    By Adam Jones
  • uploads///Wheat Prices
    Miscellaneous

    How Wheat Prices Moved in June 2017

    Wheat prices traded at an average of $4.4 per bushel in 2016, lower than their average of $5.1 per bushel in 2015.

    By Adam Jones
  • uploads///Nitrogen Gross Margins in Q
    Materials

    How Nitrogen Margins for Fertilizer Companies Trended in 4Q17

    In the recent quarters, fertilizer companies (MOO) have rationalized their output and costs to sustain the downward momentum in fertilizer prices that seemed to keep going down.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Materials

    Fertilizer Affordability Still Largely Unchanged Last Week

    Last week, which ended October 12, fertilizer affordability was unchanged week-over-week.

    By Adam Jones
  • uploads///KCl FOB Vancouver Spot Prices
    Company & Industry Overviews

    Will Potash Prices Continue to Fall in 2016?

    Potash prices over the past few years have been considerably lower than what we saw during their peaks of ~$482 in 2011 and ~$870 in 2009.

    By Adam Jones
  • uploads///Industry Share by Sales Post Merger
    Materials

    What Hurdles Could Monsanto-Bayer Deal Face?

    A few days ago, Monsanto (MON) agreed to Bayer’s takeover offer of $128 per share for a total deal value of $66 billion.

    By Adam Jones
  • uploads///Crop Index
    Materials

    Corn, Soybean, and Wheat Prices Fall in August, but Why?

    On August 13, the crop index stood at 89.9. It rose by 1% following the USDA’s latest stock-to-use ratio, which was published on August 12.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Analyzing Fertilizers’ Affordability Last Week

    It isn’t surprising to see that current fertilizer prices are more affordable compared to the base year because prices have fallen significantly.

    By Adam Jones
  • uploads///PotashCorp YTD Performance versus Benchmarks
    Earnings Report

    Your Pre-3Q16 Earnings Estimates for PotashCorp

    PotashCorp (POT) is set to announce its 3Q16 earnings on October 27, 2016. It’s still in negative returns territory, falling 7.2% so far this year.

    By Adam Jones
  • uploads///EV_EBITDA Multiples
    Macroeconomic Analysis

    How Valuation Multiples Have Changed for Fertilizer Companies

    Mosaic (MOS), which has historically traded at a high valuation multiple of 9.2x, is currently trading at an enterprise value to next 12-month EBITDA ratio of 5.7x.

    By Adam Jones
  • uploads/// Cost Curve
    Materials

    China might cut its urea export tax in 2015, helping Agrium and CF

    Industry experts often show ex-China global urea capacity utilization because China’s export tax makes domestic producers’ urea more expensive for international buyers.

    By Xun Yao Chen
  • uploads///Fertilizer Affordability
    Materials

    Fertilizer Affordability Index Update for October 6

    The Fertilizer Affordability Index kept trending lower last week, continuing its two-week streak.

    By Adam Jones
  • uploads///Oilseeds
    Company & Industry Overviews

    How Is Bunge Expanding Oilseed Segment’s Global Presence?

    In the Oilseeds segment, Bunge’s focus has been to enhance its footprint in the major growth regions.

    By Sushree Mohanty
  • uploads///Potash Prices
    Company & Industry Overviews

    What 2017 Could Hold for Potash Producers

    Potash stocks struggled for most of 2016. In 1H16, potash demand was negatively affected due to delays in potash contract settlements in China and India.

    By Adam Jones
  • Why investing in seed is different than investing in fertilizer (Part 2)
    Materials

    Why investing in seed is different than investing in fertilizer (Part 2)

    Continued from Part 1 Monsanto and DuPont Two industry giants dominate the seed industry, Monsanto Co. (MON) and DuPont (DD), which together held ~62% of the industry’s revenue in 2012. Why are these two companies dominant players in the industry? Let’s explore. Patent protection One big differentiator between seed and fertilizer stocks is patentability. Companies […]

    By Xun Yao Chen
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